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Harver Group is a privately owned and run investment company with a prime focus towards world-class current projects from the early to late stages of the company’s development. Harver Group help in the development of remarkable companies who have the need for a well connected and placed partner... More
  • Harver Group Asia Watch: Markets Climb After Summers Leaves Fed Race

    Most Asian markets performed well, as did the markets globally, after Larry Summers withdrew from the Fed race. The dollar weakened against major trading partners and fell below the 100 yen to the dollar mark.

    Lawrence Summers, who was President Obama's first choice to come the next Federal Reserve Chairman, has pulled out of the race. Harver Group analysts see this as a positive catalyst for the markets as he was the candidate most likely to reduce the central bank's quantitative easing program. Janet Yellen is now the likely successor to Bernanke, Harver Group analysts see her as much more dovish than summers and unlikely to withdraw monetary stimulus and put unneeded pressure on the recovering economy.

    Following the news from the Fed, markets across the region were trading higher. Hong Kong's Hang Seng Index climbed 1.5%, while China's Shanghai Composite Index fell 0.2%. Thailand's SET and Philippines PSE Composite, which have underperformed this summer due to fears of a withdrawal of US stimulus, were the day's biggest gainers, rising 2.5% and 2.8% respectively. Analysts at Harver Group are recommending banking stocks to clients to clients who are looking for strong dividends, Bank of China Ltd. rose 2% and HSBC Holdings climbed 1.3%.

    The US dollar weakened against major trading partners, it weakened to 98.75 yen from 99.37 on Friday. The Australian dollar climbed to 93.64 American cents and the Euro rose to $1.33. A weakening US dollar, gold generally climbs. It moved 1.2% higher to $1,324.60 an ounce.

    In Sydney, the S&P/ASX 200 Index climbed 0.5%. Analysts at Harver Group are recommending mining firms as precious metal prices increase. Rio Tinto rose 0.5%, in Hong Kong Cnooc Ltd gained 0.5% and in Singapore Noble Group climbed 5%.

    Oct 26 9:14 AM | Link | Comment!
  • Harver Group Recommends Long Term Investment In Emerging Markets ETFs And Mutual Funds

    As foreign funds flow out of emerging markets, Harver Group's analysts have employed their value driven investment strategy to identify three ETFs and mutual funds that they expect to perform well in the long term.

    Recently foreign funds have been flowing out of emerging markets, but Harver Group's analysts believe that in long term, for clients who can handle the risk, emerging markets will pay off in the long term. Investors believe that rising interest rates will hamper global growth and the biggest impact will be in developing nations. Another fear is a slowdown in Chinese growth, which could not only hurt the market there, but bring down other emerging markets as well. Declining commodities prices could impede developing nations as their economies are depended on exporting natural resources. Social unrest in the Middle East also worries investors. Harver Group analysts see all these factors as affecting the short term. They believe that in the long term the majority of global growth will take place in emerging markets.

    The analysts believe that the short term factors will make it harder to select long term investments. They recommend investing in diversified exchange traded funds and mutual funds. Their first selection is the iShares China Large-Cap ETF. It is based on the FTSE China 25 index, which tracks the largest firms in the Chinese equity market, the majority of its holdings are in the financial sector, with sizeable holdings in the telecommunications and energy sectors.

    Their next selection is Market Vectors Russia Index ETF, which looks to replicate the price and yield of the DAX Global Russia+ Index. It invests 80% of its assets in shares and depositary receipts of publicly traded companies in Russia. 40% of their holdings are in oil and gas and 24% is in basic materials as Russia is a major exporter of raw materials and oil. Financial stocks account for 11% of their holdings.

    Their final selection is the Vanguard Emerging Markets Stock Index Fund. It invests 95% of its assets in common shares traded on the FTSE Emerging Index, which tracks 851 stocks of complainers in emerging markets across the globe. 25% of the fund's holdings are in the financial services sector, 19% in industrial materials, and 15% in the energy sector.

    Oct 22 2:14 AM | Link | Comment!
  • Harver Group Reports Fear Of US Strike Recedes; Asian Stocks Finish Up

    The easing of Middle Eastern tension has helped to boost the markets globally. China's string of positive data has helped the market there. The Australian market is approaching a 5 year high.

    Asian markets were trading higher as fears of a US military attack on Syria are beginning to recede. The possibility of a diplomatic resolution of the situation has translated to substantial gains across the globe. President Obama said in speech on Tuesday, that he had asked Congress to postpone voting on a military strike until Secretary of State John Kerry meets with Russian officials.

    As the tension in the Middle East eases it is reflected by a weaker yen, as investors find the currency a safe haven. The US dollar gained 0.8% against the Yen, trading at 100.27 yen to the dollar. Japan's Nikkei Stock Average finished the day up marginally, 0.1% after jumping 4% on Monday and Tuesday. The construction companies which gained on the back of Japan's Olympic bid erased their earlier gains. Kajima Corp lost 3.3% and Taisei Corp declined 4.6%. Harver Group analysts believe it is better to avoid the Japanese construction sector until contracts are secured.

    China reported solid export growth in August, over the week and then on Tuesday reported an increase in industrial output. Harver Group analysts believe that these reports signal that the region's largest economy is beginning to recovery and that China is on pace to achieve its goal of 7.5% GDP growth. The Shanghai Composite gained 0.2% but the Hang Seng in Hong Kong declined 0.2%.

    The Australian market has been boosted by the series of positive economic data from China, as it's the primary consumer of Australia's natural resources. The S&P ASX 200 rose 0.6% approaching a five year high.

    Companies which supply components to Apple have declined as Apple is down 5%. In Tokyo Murata Manufacturing Co. declined 3.3% and in Hong Kong AAC Technologies Holdings fell 4.2%

    Oct 15 11:00 PM | Link | Comment!
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